Firms Can Expect That Proper Use of a Valid Vendor

question 64

Multiple Choice

Firms can expect that proper use of a valid vendor file will result in all of the following benefits except

• A)Purchases from unapproved vendors will be prevented.
• B)Purchases from fictitious vendors will be detected.
• C)The most competitive price will be obtained.
• D)The risk of purchasing agents receiving kickbacks and bribes will be reduced.

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Definitions:

Modesty

The quality of being humble or reserved in behavior, dress, and language.

Self-Knowledge

The understanding or insight a person has into their own personality, actions, and motivations.

Unrealistic Optimism

The tendency of individuals to believe that they are less likely to experience negative events than others.

Comparing

The act of evaluating two or more items, individuals, or situations in relation to each other to identify similarities or differences.